Just was reading activities report again over the weekend for QTR4 Jun-12 (FY 11-12) and I thought that I would summarise some of the results that are pending, specifically concerning the gold drilling on the various prospects.
Filao do Meio Page 17. “....encouraging results from Filao do Meio motivated a second phase drilling program to be designed consisting of five (5) drill-holes, two (2) drill-holes of which were to in-fill between existing drill-holes and three (3) drill-holes of which were to test down-dip extension.”
• Assays results pending on (5) drill holes.
• Will be interesting to find out the outcome on drill hole FMDDH-11 that intersected a “structure of interest 35.9 meters in width”. (Page 2)
Ze Vermelho Page 10. “The drilling at Ze Vermelho has provided confirmation of continuity in the gold hosting structure and in the high grade nature of the mineralization and supports the planning of the underground development. Assay results for holes ZV_DDH063 to ZV_DDH073 are pending.” - (11) drill holes.
• There’s some discrepancy in some of the statements within the quarterly, namely with drill holes ZV_DDH061 and ZV_DDH062.
It has been stated that on page 8, paragraph 3, the assays have been returned and yet on page 10 the final point is made that “Assay results for holes ZV_DDH061 to ZV_DDH073 are pending.”
• Therefore it would appear that in fact (13) drill holes could possibly be awaiting assay results.
Tambaqui Gold Prospect Page 21. “Two diamond drill holes totaling 245.15 metres were completed at East Tambaqui to test for gold mineralization associated with historic workings. Assay results are pending.”
• Assay results pending for (2) drill holes.
Traira Gold Prospect Page 21. “The Company also undertook (corrected from “undertaken”) an initial drill program consisting of five holes at South Traira and East Traira for a total 648.42 metres. Assay results from these drill-holes and from the soil sampling program are pending.”
• Assay results pending for (5) drill holes.
Jacutinga Gold Prospect Page 22. “...two hundred and forty core samples were collected and assayed using fire-assay methodology with low grade gold values were confirmed for just a few samples. The Company immediately sought to re-assay several samples using 2kg bottle rolls to confirm the accuracy of initial results. These results are pending at the time of this report."
• Assay results pending for core samples.
One would think that we get information on some of these assay results in the September quarterly (QTR1 FY 12-13).
GLTA Holders.
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